Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News Editorials & Other Articles General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

struggle4progress

(118,701 posts)
1. NY AG questions if insurance group is good for the money
Sun Apr 7, 2024, 11:48 AM
Apr 2024

Aysha Bagchi
USA TODAY

... James questioned in a Thursday court filing if the bond from Knight Specialty Insurance Company met New York's legal requirements. She said the company hadn't provided a certificate showing it was qualified to provide the bond. The bonding company is headed by California billionaire Don Hankey, a self-proclaimed Trump supporter who made a fortune through high-interest loans to car buyers with bad credit.

James demanded the bonding company or the defendants — which include Trump and his two oldest sons — demonstrate to New York trial judge Arthur Engoron that the company is capable of paying the money. Engoron scheduled a hearing on the issue for April 22 ...

Before the New York appeals court gave Trump a reprieve by reducing the bond requirement, Trump pleaded that the $464 bond was a "practical impossibility," stating that 30 bonding companies refused to accept real estate as collateral in exchange for a bond of that size ...

https://www.usatoday.com/story/news/politics/elections/2024/04/05/possible-trump-bond-rejection/73216105007/

Latest Discussions»General Discussion»$175M bond might implode»Reply #1